Ashtons helps Stelios’ property group raise growth funding
East of England law firm Ashtons Legal has advised easyProperty on an £800k fundraise to secure finances for its future growth.
easyProperty is part of the well-known easy family of brands owned by easyGroup. It is seeking to transform the way people sell their properties with technology and agents throughout the UK and is planning significant growth over the next 12 months through its franchised business model.
This recent raise secures the funds required for this planned expansion of the business.
The team at Ashtons who advised easyProperty on the legal issues surrounding the raising of funds was led by partner James Tarling and included members of the firm’s specialist franchise team.
Investors came on board through the Seedrs crowdfunding platform with matched funding coming from the Government-backed British Business Bank Future Fund loan scheme.
David Brierley, easyProperty CEO, said: “Working with James and his team was a pleasure and nothing was too much trouble despite the very tight deadlines we ended up working to and the need for calls with multiple participants dotted around Europe.”
Tarling added: “It has been great working with David and his team as they take such an iconic brand into a new market. We have worked with many businesses as they scale for future growth despite the significant challenges in the corporate marketplace over the last year.
“We look forward to continuing to work with the easyProperty team as they expand their business over the coming months and years.”
• PHOTOGRAPH: easyProperty CEO David Brierley with founder of easyGroup Sir Stelios Haji-Ioannou in Monte Carlo. Image courtesy of easyProperty.